Shell Midstream Partners, L.P. Announces Offering of Common Units

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Go back to Shell Midstream Partners, L.P. Announces Offering of Common Units

Shell Midstream Partners (SHLX) Prices Larger 11M Common Units Offering at $31.75/Share

March 23, 2016 8:38 AM EDT

Shell Midstream Partners, L.P. (NYSE: SHLX) announced the pricing of an underwritten public offering of 11,000,000 common units representing limited partner interests, at a public offering price of $31.75 per common unit. The total gross proceeds (before the underwriters discounts and commissions and estimated offering expenses) will be approximately $350 million. In connection with the offering, Shell Midstream Partners granted the underwriter a 30-day option to purchase up to an additional 1,650,000 common units. The offering is expected to close on March 29, 2016, subject to... More